CA Inc. (CA) Stock Rating Reaffirmed by Royal Bank Of Canada

CA Inc. (NASDAQ:CA)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday. They presently have a $32.00 price target on the technology company’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 1.14% from the company’s current price.

Several other brokerages have also commented on CA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Sunday, May 14th. FIG Partners raised CA to an “outperform” rating and boosted their price target for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 price target (up previously from $35.00) on shares of CA in a research note on Thursday, August 3rd. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research note on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. CA has an average rating of “Hold” and an average price target of $34.88.

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Shares of CA (NASDAQ CA) traded up 0.386% on Monday, reaching $32.495. 1,240,591 shares of the company’s stock traded hands. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 18.053 and a beta of 0.86. The stock’s 50-day moving average price is $33.22 and its 200-day moving average price is $32.46.

CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities analysts predict that CA will post $2.46 EPS for the current year.

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In other news, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ayman Sayed sold 18,694 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the sale, the insider now owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its stake in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares in the last quarter. Hefty Wealth Partners increased its stake in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares in the last quarter. Advisor Partners LLC increased its stake in CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after buying an additional 64 shares in the last quarter. U S Global Investors Inc increased its stake in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after buying an additional 100 shares in the last quarter. Institutional investors own 71.09% of the company’s stock.

About CA

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.